Well the Tariffs and job number jitters did not last long

[westwall]

Which is impacted by the increased demand driving up prices as other buyers try to lower their costs. This is basic math. You did graduate past elementary school yes?

No, it's not. Sheesh you're ignorant of how real economics work.

 

[initforme]

The so called economic damage from covid was so overblown by the fake news media.

 

[citygator]

Nothing yet. 6 months in and still on Obidens OCT 2024 spending. thats' what you all claimed all thru the muslim.

Trump passed a budget adding $3T to the deficit by giving tax breaks to fuel fake growth on the backs of debt. That is not Biden's budget.

In his first term Trump added more debt every year and increased the deficit every year... before covid.

 

[citygator]

You have no concept of math or economics. I taught both! You are an amateur with no idea how things really work, or if you actually do, you can't put it in the words so anyone can understand you.

There is zero percent you taught economics if you dont understand that increasing the price of substitutes will lead to the price increase of competitive goods directly. Zero chance.

Have you ever driven by a corner with multiple gas stations? Why do you think they are all the same price? Which is from domestic oil and which from import? You have no idea. You just know that gas is for sale.

 

[citygator]

The so called economic damage from covid was so overblown by the fake news media.

There are enough covid denial threads. Head to one of those.

 

[Hafar1014]

"We had the best economy in history until covid". Guess what? Trump passed that dumpster fire you are blaming on covid to Biden which drove those nasty numbers you posted. Guess what? None of those numbers were passed back to Trump. Biden fixed them and Trump inherited the best economy in the world. Even your gas number is from the high point of covid when people couldnt go anywhere - not what was passed to Biden. It shows how stupid you are. Would you like to really debate the economy or do you want to cuck for Trump? Gas prices at 2? Give me a break dude. Unemployment was 15% at that time. 15 ******* percent.
The economy Trump handed off to President Biden
25.5 million workers—15.0% of the workforce—hit by the coronavirus crisis in January

Biden inherited 1.2% inflation 6.4% GDP 2.00 a gallon gas. Thats a gift not a dumpster fire.
Trump inherited an economy based on debt with food and gas costs through the roof. Trump turned it around ina few months. Thats why even the democrats tossed Biden in the dumpster and he dragged the party in with him.
Way to go Joe

 

[Zincwarrior]

You have no concept of math or economics. I taught both! You are an amateur with no idea how things really work, or if you actually do, you can't put it in the words so anyone can understand you.

You certainly told me.*

*Nope. Prove your argument.

What increased demand? If you don't buy a product, there is no demand! Are you currently experiencing other symptoms of a stroke?

I thought you taught economics? An example then. NUCOR steel makes 100MM tons of X grade steel. Lets say there a total of 1,000MM tons of that grade of steel in the US by companies using that input. If tariffs are put in place on Canadian steel, then demand for NUCOR steel by domestic companies using steel will now increase. NUCOR will now raise the price of its domestically produced steel, thus causing the cost for US companies to rise regardless of whether of where the steel is sourced.

 

[Zincwarrior]

No, it's not. Sheesh you're ignorant of how real economics work.

So you've never taken a basic macro economics course. Got it.

 

[Admiral Rockwell Tory]

You certainly told me.*

*Nope. Prove your argument.

I thought you taught economics? An example then. NUCOR steel makes 100MM tons of X grade steel. Lets say there a total of 1,000MM tons of that grade of steel in the US by companies using that input. If tariffs are put in place on Canadian steel, then demand for NUCOR steel by domestic companies using steel will now increase. NUCOR will now raise the price of its domestically produced steel, thus causing the cost for US companies to rise regardless of whether of where the steel is sourced.

Increased demand produces increased market share which results in more hiring and more use of domestically sourced materials, often keeping prices the same or even reducing them. Increased production usually leads to more efficiency, lower costs, and a thus a lower need for higher profit margins.

 

[Admiral Rockwell Tory]

So you've never taken a basic macro economics course. Got it.

Did they teach macroeconomics in your dishwashing and culinary arts school. Sink Worrier? You probably thought macroeconomics was the study of macaroni and cheese dishes.

 

[Robert W]

Of course you do. If you buy tomoatoes at the market, the price of those tomatoes are impacting by the price of imported tomatoes and the input costs to grow those tomatoes. Those input costs are also impacted by tariffs.

Again, basic math, basic economics. While I support no trade with China I am quite certain that will have a negative impact on prices if done. Its a choice. Thinking there will be no impact displays a fundamental misunderstanding of basic economics and math.

So, were you against the Biden tariff hikes?

 

[Zincwarrior]

Increased demand produces increased market share which results in more hiring and more use of domestically sourced materials, often keeping prices the same or even reducing them. Increased production usually leads to more efficiency, lower costs, and a thus a lower need for higher profit margins.

Incorrect. If the capacity for production is semi fixed, and more demand for that production comes into place, the price rises.
Supply / Demand basics.

 

[Zincwarrior]

Did they teach macroeconomics in your dishwashing and culinary arts school. Sink Worrier? You probably thought macroeconomics was the study of macaroni and cheese dishes.

Yep, high school, undergrad, and grad dishwashing schools.

 

[Zincwarrior]

So, were you against the Biden tariff hikes?

I am against unequal tariffs. MAGAs love them now.

 

[Admiral Rockwell Tory]

Incorrect. If the capacity for production is semi fixed, and more demand for that production comes into place, the price rises.
Supply / Demand basics.

I highlighted the error in your assumption. You may return to the drawing board.

 

[Admiral Rockwell Tory]

Yep, high school, undergrad, and grad dishwashing schools.

You hide your education very well. I am sure I am not the first one to tell you that considering the number of times you have been proven wrong on this forum by me and other posters. You usually cannot get through a thread without spouting off the wall bullshit that everyone but you knows is incorrect.

 

[Robert W]

I am against unequal tariffs. MAGAs love them now.

For a very long time the US depended on tariffs. Trump only targeted nations who imposed tariffs on our country.

 

[Fort Fun Indiana]

Trump only targeted nations who imposed tariffs on our country.

Well there is a lie you just pulled out of thin air.

 

[hadit]

Only if Trump's new toadie lies his ass off. And only cultists will believe it.

And you have standing to know if he did? Sounds like you're just prepping the stage to pee on it.

 

[Fort Fun Indiana]

Can you prove that it happened when Biden got weak jobs reports?

Kind of a stupid question. The only weak jobs reports under Biden were coming in before the interest rate hikes. Different environment.